Lusaka, Zambia — A RALLY in the price of copper globally is a major boost for Zambia in its efforts to revive the economy impacted by the coronavirus (COVID-19) and drought. The sharp recovery in the price of the commodity has been on the back of United States policy expectations as the new administration of […]
Tag: Commodities
There can be no doubting the phenomenal run enjoyed by Bitcoin and other crypto devotees over the past twelve months. Bitcoin, the cryptocurrency standard bearer, delivered a more than 300% return last year and has started 2021 on the front foot, rising more than 10% in January. Where should investors expect it to go from […]
The Midas touch connecting South Africa to global smugglers, terrorists and Dubai’s dubious gold industry. First published in the Daily Maverick 168 weekly newspaper. South Africa has surfaced as a key transit point for bullion smugglers wanting to channel the precious metal to and from one of the world’s most prolific players in the gold […]
All countries subscribing to the global extractives initiative will effective January 1, 2021, have to publicly publish new and amended contracts signed with mining firms according to transparency disclosure requirements. Tanzania and Uganda are the East African countries subscribing to the Extractives Industry Transparency Initiative (EITI). EITI said Tanzania and Uganda are among 55 countries […]
THE Zimbabwean government on Monday launched the agricultural commodities exchange that will ensure farmers get market determined prices for their commodities. Zimbabwe previously had a commodity exchange which was closed when the government gave the monopoly to buy and sell maize and wheat to state grain procurer, the Grain Marketing Board (GMB) in 2001. Finance […]
Kericho — Deputy President Rigathi Gachagua on Thursday undertook to oversee full implementation of proposals by tea farmers to strengthen the sector as the government rolls out comprehensive reforms to turn it around. The DP also promised immediate implementation of the Tea Act, 2020 to ensure reforms spelt out in the law are back on […]
The food inflation rate in March 2024 quickened to 40.01 per cent on a year-on-year basis Nigeria’s annual inflation rate rose to 33.20 per cent in March from 31.70 per cent in February, the National Bureau of Statistics (NBS) said on Monday. The statistics office said the March 2024 headline inflation rate increased by 1.50 […]
The 2023 tobacco marketing season started last Wednesday with the first bale fetching US$4,35 per kilogramme to eclipse last season’s US$4,20 per kg, which essentially hints at a season with high potential for better fortunes compared to its predecessor. Expectations for a rewarding season are running high among stakeholders given that the Government has also […]
South African president Cyril Ramaphosa recently reiterated plans to accelerate the commercialisation of hemp as well as cannabis plants. His speech setting out government’s priorities for 2023 was a reminder of a pledge in 2022 – also in his state of the nation address – that the government would mobilise investment in the hemp and […]
B2GOLD Corporation recorded total production of 262 701 ounces of gold in-line with expectations. Otjikoto Mine, which was said to be closing, also performed well, producing 44 056 ounces of gold. In April this year, Otjikoto mine in which the B2Gold holds a 90% interest, was reportedly starting a phased mine closure process because of […]
Cement price across the country has risen to a new high of N10,500 for a 50kg bag in a question one week. Despite the recent price slash by BUA Cement of a 50kg bag of the product to N3,500, Vanguard Homes & Property findings revealed that the price hike cuts across manufacturers. Within a week, […]
Zimbabwe has raised a red flag after reportedly being denied a chance to take part in the process of selecting a strategic equity partner for Tongaat Hulett Limited (THL) that was given to a Tanzanian firm, Herald Finance and Business can reveal. Kagera Sugar Limited, a sugar manufacturing company in the northwestern part of Tanzania, […]
Fishers say they were ignored when the original rights were awarded between 1994 and 1998 Ten diamond mining rights on the West Coast, originally awarded between 1994 and 1998, have been extended by 30 years. Environmentalists and fishers are challenging the extensions in court, arguing that the basis on which the rights were granted is […]
Nairobi, Kenya — Entrepreneurs are on a mission to make our cities cleaner and more liveable. As the co-founders of eWAKA, a platform dedicated to serving commuter and commercial electric micro-mobility fleets, Celeste Vogel and Jimmy Tune are committed to making our cities more sustainable and liveable. They believe that electric micromobility is the key […]
Parliament, Monday, 27 November 2023 – The Portfolio Committee on Health has successfully concluded three public hearings on the Tobacco Products and Electronic Delivery Systems Control Bill in Gauteng with residents of Tshwane Metropolitan Municipality expressing contrasting views on the Bill. The committee wishes to correct misconceptions that it intentionally locked a majority of members […]
Tobacco farmers owed by merchants for the crop delivered last season will receive their balances by end of this week, with the Tobacco Industry and Marketing Board (TIMB) vowing to ensure a similar situation does not occur this year. Failure to pay the farmers on time, TIMB chairman Mr Patrick Devenish warned, tobacco merchants risked […]
South Africa’s National Health Insurance (NHI) bill has passed the first hurdle towards becoming law, getting the country closer to its vision of achieving universal access to healthcare. Section 27 of the country’s constitution states that everyone has the right to access to healthcare. The NHI bill, which has been passed by the national assembly, […]